Truist Financial Corp Invests $831,000 in First Trust SSI Strategic Convertible Securities ETF $FCVT

Truist Financial Corp acquired a new position in First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,315 shares of the company’s stock, valued at approximately $831,000. Truist Financial Corp owned about 0.86% of First Trust SSI Strategic Convertible Securities ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Concurrent Investment Advisors LLC raised its stake in shares of First Trust SSI Strategic Convertible Securities ETF by 112.0% in the fourth quarter. Concurrent Investment Advisors LLC now owns 347,194 shares of the company’s stock worth $14,941,000 after purchasing an additional 183,410 shares during the last quarter. Jane Street Group LLC increased its position in shares of First Trust SSI Strategic Convertible Securities ETF by 645.7% during the second quarter. Jane Street Group LLC now owns 133,299 shares of the company’s stock valued at $5,173,000 after acquiring an additional 115,423 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust SSI Strategic Convertible Securities ETF by 3.3% during the third quarter. Raymond James Financial Inc. now owns 89,532 shares of the company’s stock valued at $3,829,000 after acquiring an additional 2,844 shares during the last quarter. Private Advisory Group LLC purchased a new stake in shares of First Trust SSI Strategic Convertible Securities ETF during the fourth quarter valued at approximately $3,730,000. Finally, Royal Bank of Canada increased its position in shares of First Trust SSI Strategic Convertible Securities ETF by 14.4% during the first quarter. Royal Bank of Canada now owns 70,695 shares of the company’s stock valued at $2,468,000 after acquiring an additional 8,908 shares during the last quarter.

First Trust SSI Strategic Convertible Securities ETF Price Performance

Shares of FCVT opened at $51.40 on Monday. The stock has a 50 day moving average of $47.28 and a 200 day moving average of $45.46. First Trust SSI Strategic Convertible Securities ETF has a 12 month low of $36.43 and a 12 month high of $52.55.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were given a dividend of $0.045 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, April 21st.

First Trust SSI Strategic Convertible Securities ETF Profile

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.